4 mins to read Heartland to retain TSB’s mortgage growth strategy The proposed merger beefs up a national strategy to keep Aussie-owned competitors on their toes. Heartland Bank will rebrand under the plan. Jonathan Mitchell Tue, 02 Jun 2026 © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. A combined TSB/Heartland Bank will be fighting fit to challenge Australian-owned banks with a national strategy to grow, according to Heartland Group chief executive Andrew Dixson.
Heartland today announced it had signed a conditional merger implementation agreement with the Toi Foundation to merge Want to read more? It’s easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385+GST / monthly $38.5 per user – Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660+GST / monthly $33
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Contact the Writer: jmitchell@nbr.co.nz News tip? Question? Typo? Let us know: editor@nbr.co.nz © All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription. Heartland Group Andrew Dixson Toi Foundation Chris Ussher Free News Alerts Sign up to get the latest stories and insights delivered to your inbox – free, every day. Company profile Powered by: Previous Close Avg Daily Volume Daily High 52 Week High 52 Week Low Related News Investment Heartland proposes $620m TSB Bank
merger Bank capital changes should lower rates, improve GDP: RBNZ Investment Heartland produces higher profit after lower impairment expense TSB profit grows to $31.2m after lending growth, lower costs Hunter’s Corner Let’s see a float of TSB and Fisher Funds
Heartland Bank, TSB, Toi Foundation, merger implementation agreement, mortgage growth strategy, Andrew Dixson, Australian-owned banks